Rookxb8

Rookxb8

In this chart, you can see BTC broke below the ascending wedge we've had since January. Not only this but it printed bearish RSI divergence with each higher high. It ended with a double top near 23.8-24.3k and the peak of the pump ended with a gravestone doji, which is a bearish candlestick. The last candle was also a gravestone, and am expecting another touch of...

Rookxb8

Ethereum has been in an uptrend against btc in a parallel channel for almost 1 year now. However, within the channel we are seeing bearish divergence on the RSI, with the ratio producing higher highs and lows, but the RSI producing lower highs and lows. As crypto is in a bear market, we can expect ETH to begin losing ground to BTC which could take form in a dump...

Rookxb8

BTC recently broke the bear flag. In my previous analysis, I pointed out that this would happen, however I expected BTC to have relief rallies between the trendlines before finally falling to 28k. There is a wick to 25k which was possibly accentuated by the tether depeg. The average crypto bear market from bull cycle top to bear cycle low is typically 1 year. If...

Rookxb8

BTC printed a bear flag in the bigger picture and recently for the first time lost the parallel channel (for candle closes) and has since come close to the wick trendline (trendline 2) where I suspect it may bounce from, back to the 41k mark. In my opinion, this is a typical break and retest pattern which will be followed by a dump to the 3rd trendline, and then a...

Rookxb8

Bitcoin has entered a falling wedge converging near the 50k mark. Expect a breakout from this range soon and look for declining volumes as we approach 50k. These patterns are usually very reliable. With the crypto fear index reaching extreme lows, we can expect the price to bounce in one way shape or form. I am not just advocating a trend reversal, but also the...

Rookxb8

Hi, in my previous analysis, I stated that we should expect a breakout in November from the 48-60 zone, which has played out since. Previous post is linked below. Since then, the chart has printed a bullish pennant with a breakout due imminently. On the 4 hour chart this extends over to by the end of the week. A breakout from this range will first face...

Rookxb8

AR price has had a bullish run in the recent months but has met clear resistance in the 70 zone. The price has been in an ascending triangle, with higher lows and multiple tests of the overhead resistance at $70. The price has recently bounced up near the trend line again and is currently somewhat stable. The daily MACD is about to cross soon. AR will likely break...

Rookxb8

Looks like breakout of this formation is due soon. Would be worth buying on a close above the resistance line.